Fortis Healhcare

Fortis Healthcare Ltd on Wednesday reported a 40 per cent jump in consolidated net profit at Rs 87.03 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net profit of Rs 62.36 crore in the same quarter of the previous fiscal, Fortis Healthcare said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,378.1 crore as against Rs 1,252,44 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 1,264.17 crore as compared to Rs 1,167.29 crore in the corresponding period a year ago. Fortis said it witnessed the impact of the COVID-19 pandemic in the first half of the quarter with occupancies witnessing a downturn. However, given the lesser severity of COVID and low hospitalisations, the business saw recovery towards the end of February and operations returned to normal in the month of March. While January saw an occupancy of 54 per cent, March witnessed a reb

Capital markets regulator Sebi has imposed penalties totalling Rs 38.75 crore on 32 entities, including Fortis Healthcare Holdings, in a case related to diversion of funds of Fortis Healthcare Ltd (FHL) and misrepresentations to conceal the fraud. The matter goes way back to 2018 when a media report came out that the promoters of the listed FHL had allegedly taken massive funds out of the listed company. It had also pointed out that Deloitte Haskins & Sells LLP, the statutory auditor of FHL, had refused to sign on the company's second quarter results until the funds were accounted for. Subsequently, the regulator had initiated an investigation into the matter to examine possible violation of the provisions of the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices). It conducted a probe into the matter of grant of Inter-Corporate Deposits (ICDs) to three borrower companies -- Best Healthcare Private Limited, Fern Healthcare Private Limited, and Modland Wears Private ...

Passing a 109-page final order, the watchdog has slapped a fine of Rs 5 crore each on the two Singh brothers besides Rs 2.5 crore on RHC Holding Pvt Ltd

Vishal Bali, a former official at Fortis Hospitals, settled with Sebi a case pertaining to allegedly aiding in the diversion of public shareholders' funds for the benefit of the promoters of Fortis

Markets regulator Sebi has disposed of proceedings against statutory auditor of Fortis Healthcare in a matter pertaining to its alleged role in diversion of funds.

Revenue grows 132% in Q1FY22, with that from diagnostics putting up the best show

The markets are expected to remain range-bound and choppy unless the range of 15,550-15,950 is taken out on the either side in Nifty

Study covered over 16,000 healthcare workers across Fortis hospitals in India

Last week, Bloomberg reported that Mitsui was teaming up with private equity players to make an $11-billion bid for IHH

Two major hospital groups, Apollo Hospitals and Fortis Healthcare, said they are open to exploring opportunities to import

The accused had expressed apprehension that he may contract Covid-19 infection in the Tihar jail

The third and the largest phase of vaccination, under which beneficiaries in the 18-45 age group will be given jabs against coronavirus, will begin here on Monday

Fortis Healthcare on Friday said its subsidiary, EHIRCL, received the notice on April 15, 2021

Fortis Healthcare on Friday said its subsidiary, Escorts Heart Institute, has received a notice from SEBI in the matter related to the alleged diversion of funds by its erstwhile promoters

During the March quarter of the financial year 2020-21 (Q4FY21), Rakesh Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company

The primary trend of the markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher bottoms

The group had acquired a 31 per cent controlling stake in Fortis in 2018, which triggered a mandatory open offer to acquire another 26 per cent of Fortis shares from the market

Fortis Healthcare on Friday reported a consolidated net profit of Rs 53.88 crore for Dec quarter, mainly on account of robust performance of its diagnostics segment and reduction in expenses

SAT said Singh was a director and promoter in both the companies when the alleged diversion of funds took place

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